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A Random Walk Down Wall Street: The Time-Tested Strategy for Succesful Investing | [Burton Malkiel]

A Random Walk Down Wall Street: The Time-Tested Strategy for Succesful Investing

More than a million copies of this indispensible investment classic have been sold since its first publication. This fresh version is completely revised by author Burton G. Malkiel to reflect modern financial concerns and trends.
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Publisher's Summary

More than a million copies of this indispensible investment classic have been sold since its first publication. This fresh version is completely revised by author Burton G. Malkiel to reflect modern financial concerns and trends.

©2007 W.W. Norton & Company, Inc.; (P)2008 Recorded Books, LLC

What the Critics Say

"His witty, acerbic style and persuasive arguments will delight readers..." (Publishers Weekly)

What Members Say

Average Customer Rating

4.0 (256 )
5 star
 (96)
4 star
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3 star
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2 star
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Overall
4.1 (114 )
5 star
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4 star
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3 star
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2 star
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1 star
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Story
4.0 (115 )
5 star
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4 star
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3 star
 (25)
2 star
 (4)
1 star
 (2)
Performance
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  •  
    ike9898 Philly burbs, PA 09-12-09
    ike9898 Philly burbs, PA 09-12-09 Listener Since 2009

    ike9898

    HELPFUL VOTES
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    "enlightening, but parts are hard to listen to"

    The book itself gets 5 solid stars from me. One aspect of my life, personal finance, was profoundly and permanently changed by this book. It convincingly knocks down most of the crap you get from the mainstream media about investing and replaces it all with a few simple, irrefutable principles. All of it is carefully backed up with decades of academic research. There are parts of the audiobook, though, that are a little hard to follow, such as equations that would look very simple on the page, but require concentration to listen to. Still, I recommend this audiobook.

    15 of 15 people found this review helpful
  •  
    Roger Smith Orlando, Florida United States 01-30-11
    Roger Smith Orlando, Florida United States 01-30-11 Member Since 2000

    Say something about yourself!

    HELPFUL VOTES
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    "Still Important"

    This is the newest edition of the book and remains an important tutorial on investing. There are other books which present these lessons in more interesting terms, but none are as complete as Malkeil's.

    4 of 4 people found this review helpful
  •  
    Michelle Beaverton, OR, USA 05-08-13
    Michelle Beaverton, OR, USA 05-08-13 Member Since 2008
    HELPFUL VOTES
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    "Best Investment Book I've Read"
    Would you consider the audio edition of A Random Walk Down Wall Street to be better than the print version?

    I benefitted by listening to this book, however the print version is better. The print version is newer and takes into account the stock market crash of 2008. Also, it has some useful graphs that can't be explained in narration.


    What was one of the most memorable moments of A Random Walk Down Wall Street?

    The most memorable moment of this book is the idea that chimpanzees throwing darts at random stocks may do just as well or better than a broker.


    What does Kerin McCue bring to the story that you wouldn’t experience if you just read the book?

    This is a good read for the car. The narrator does a fine job.


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    Malkiel Burton's writing had me LOLing more than I expected for an investment book. It kept me interested and I've listened to it multiple times.


    Any additional comments?

    I took Malkiel Burton's advice and it's paying off nicely. His style of investment management is fairly low risk, so it's not too nerve-wracking.

    2 of 2 people found this review helpful
  •  
    kristopher Houston, tx, United States 08-31-11
    kristopher Houston, tx, United States 08-31-11

    K. Stockberger

    HELPFUL VOTES
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    "So glad I read this book"

    Burton does a great job of arguing for non-financiers to simply buy and hold broadly among many areas of the economy. He takes many champions who have wowed the market, then tells the rest of the story about how they crashed and burned soon after, including LTCM and its Nobel prize winning geniuses. He addresses many, many so called winning investment strategies (I defy you to name one he doesn't cover) then shows how in reaily they are much more likely to be get poor strategies than break even or get rich. He also covers in useful detail the ear tickling pitches given to non-financiers (broker can get in on a highly exclusive IPO) and explains why these too are not the path to investment riches. Then he describes characteristics of a simply buy and hold strategy, with a few instances where a non-financier who wants to spend some time at investing might find some good opportunities.

    2 of 2 people found this review helpful
  •  
    Ramesh United States 02-12-11
    Ramesh United States 02-12-11

    New Orleans

    HELPFUL VOTES
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    "Good for starter"

    This is a good book for starter and I strongly recommend for anybody who is thinking investing but has no idea where to start. However, if you already possess some college level knowledge on finance, this book might not be for you. .........

    5 of 6 people found this review helpful
  •  
    K. Cunningham Florida 01-09-10
    K. Cunningham Florida 01-09-10 Member Since 2005
    HELPFUL VOTES
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    "informative, but really long winded"

    There are a lot of useful concepts and ideas, but why say it in 5 minutes when you can take 50? Unfortunately I couldn't hang in there and keep my attention on it, and finally gave up about half way through. Maybe an abridged version would work better?

    4 of 5 people found this review helpful
  •  
    M. Brennan Seattle, WA USA 08-28-14
    M. Brennan Seattle, WA USA 08-28-14 Member Since 2014
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    "Informative & Entertaining"
    What did you love best about A Random Walk Down Wall Street?

    Sometimes broad, sometimes in-depth


    What was one of the most memorable moments of A Random Walk Down Wall Street?

    Old lady and the genie.. ;)


    Have you listened to any of Kerin McCue’s other performances before? How does this one compare?

    Performance was top-notch


    Was this a book you wanted to listen to all in one sitting?

    Listened to on my daily commute, over about a week


    1 of 1 people found this review helpful
  •  
    audrey 06-19-14
    audrey 06-19-14
    HELPFUL VOTES
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    "hard to digest"
    Any additional comments?

    It's a dry topic. I don't blame either the author or the narrator, but it's definitely hard to digest in audio format. Maybe it would be easier read.

    1 of 1 people found this review helpful
  •  
    Truc To 06-22-12
    Truc To 06-22-12 Member Since 2009
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    "Retirement lost and saved"

    I had been aggressively save for my retirement in my late 20s. Experimenting with several way to improve the portfolio with not so successful result, now in my 40s, I certainly can related to many idea and follies the author had mentioned in his book.
    I found this book to be empirical, practical, and informative. Strongly recommended for anyone who serious about saving for retirement,

    2 of 3 people found this review helpful
  •  
    Russon Astoria, NY, United States 09-20-12
    Russon Astoria, NY, United States 09-20-12
    HELPFUL VOTES
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    "Some wonderful, some not so, lessons."
    Would you listen to A Random Walk Down Wall Street again? Why?

    Some great info, so without doubt I will listen again.


    Any additional comments?

    Some wonderful information like I said, but that index fund stuff is so wrong...

    1 of 2 people found this review helpful
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